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8-K: Entry into a Transaction Agreement

8-K: Entry into a Transaction Agreement

8-K:签订收购协议
美股sec公告 ·  07/05 11:12
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On July 3, 2024, Meta Materials Inc., through its wholly-owned subsidiary Nanotech Security Corp., entered into an Asset Purchase Agreement with Authentix, Inc. and its Canadian counterpart. The agreement involves the sale of the company's authentication business unit assets, excluding cash, tax refunds, insurance policies, employee benefits, certain real property, and corporate records. Authentix has agreed to pay $10 million, with $4 million already paid as deposits. Additionally, $3 million will be withheld to cover specific liabilities. The deal includes customary representations, warranties, covenants, and indemnification terms. It is subject to standard closing conditions, including the termination of certain NSC employees who will be offered employment by Authentix. The agreement may be terminated under certain conditions, with no penalties except for the repayment of deposits. The transaction is expected to close by August 15, 2024, unless terminated as per the agreement's provisions.
On July 3, 2024, Meta Materials Inc., through its wholly-owned subsidiary Nanotech Security Corp., entered into an Asset Purchase Agreement with Authentix, Inc. and its Canadian counterpart. The agreement involves the sale of the company's authentication business unit assets, excluding cash, tax refunds, insurance policies, employee benefits, certain real property, and corporate records. Authentix has agreed to pay $10 million, with $4 million already paid as deposits. Additionally, $3 million will be withheld to cover specific liabilities. The deal includes customary representations, warranties, covenants, and indemnification terms. It is subject to standard closing conditions, including the termination of certain NSC employees who will be offered employment by Authentix. The agreement may be terminated under certain conditions, with no penalties except for the repayment of deposits. The transaction is expected to close by August 15, 2024, unless terminated as per the agreement's provisions.
2024年7月3日,Meta Materials公司通过其全资子公司纳米技术安防-半导体公司与Authentix公司及其加拿大对应方签订资产购买协议。该协议涉及公司鉴别业务单元的资产出售,不包括现金、税收退款、保险单、员工福利、某些房地产和公司记录。Authentix同意支付1000万美元,已支付定金400万美元,另有300万美元被暂扣以支付特定负债。该交易包括示范性的陈述、保证、契约和赔偿条款。交易受到标准的结束条件的制约,包括终止某些将得到Authentix录用的NSC员工。在某些条件下,该协议可能被终止,除解除定金外,不负任何处罚。该交易预计将在2024年8月15日前完成,除非根据协议规定终止。
2024年7月3日,Meta Materials公司通过其全资子公司纳米技术安防-半导体公司与Authentix公司及其加拿大对应方签订资产购买协议。该协议涉及公司鉴别业务单元的资产出售,不包括现金、税收退款、保险单、员工福利、某些房地产和公司记录。Authentix同意支付1000万美元,已支付定金400万美元,另有300万美元被暂扣以支付特定负债。该交易包括示范性的陈述、保证、契约和赔偿条款。交易受到标准的结束条件的制约,包括终止某些将得到Authentix录用的NSC员工。在某些条件下,该协议可能被终止,除解除定金外,不负任何处罚。该交易预计将在2024年8月15日前完成,除非根据协议规定终止。
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